Average Chief Executives Salary in Virginia Beach-Chesapeake-Norfolk, VA-NC
Chief Executives in the Virginia Beach-Chesapeake-Norfolk, VA-NC area command an impressive average annual salary of $315,940. This figure significantly surpasses the national average of $283,090, indicating a strong local demand for top-tier executive leadership. The robust compensation likely reflects the strategic importance of this region's economic landscape and the specialized skills required for these high-level positions.
Executive Summary
- Average Salary: $315,940 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $473,910.
- Outlook: With a total local workforce of 580 Chief Executives, the market in Virginia Beach-Chesapeake-Norfolk, VA-NC presents a concentrated, albeit not overwhelmingly large, pool of talent. The Location Quotient of 0.55 suggests that while the concentration is below the national average, there is a steady presence of these critical roles, implying a stable demand for experienced executives within the region's key industries.
Salary Overview
The average Chief Executives in Virginia Beach-Chesapeake-Norfolk, VA-NC earns+11.6%above the national average.
$151.9
$6,076
$26,328
Chief Executives Salary Trends (2020-2024)
While specific historical data for this exact role and region isn't provided, it's reasonable to assume a positive salary growth trend for Chief Executives over the past four years, mirroring broader economic trends and increasing demand for strategic leadership. This upward trajectory is generally driven by evolving business complexities and the continuous need for visionary leadership to navigate market challenges and opportunities.
Chief Executives Salary Distribution in Virginia Beach-Chesapeake-Norfolk, VA-NC
Salary progression for Chief Executives is heavily influenced by experience, with entry-level positions typically commanding lower compensation than seasoned leaders with extensive track records. The significant percentile gaps observed in salary distributions for this role highlight the substantial rewards associated with career advancement, demonstrating that years of dedicated experience and proven leadership capabilities directly translate into higher earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $133,670 | $64.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $236,955 | $113.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $315,931 | $151.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $394,925 | $189.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $473,910 | $227.8 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$315,940
Gross Pay
Real Wage (Purchasing Power)
$315,940
Adjusted for COL (100)
The average annual salary of $315,940 in Virginia Beach-Chesapeake-Norfolk, VA-NC aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an executive's salary in this region is equivalent to the national standard, offering a stable financial environment without the added pressure of a significantly higher or lower cost of living.
Job Market Context
580
Total Jobs
0.762
Per 1K Jobs
0.55
Location Quotient
Virginia Beach-Chesapeake-Norfolk, VA-NC has 0.55x the national average concentration of Chief Executives jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.55 for Chief Executives in Virginia Beach-Chesapeake-Norfolk, VA-NC indicates that this role is less concentrated here compared to the national average. This suggests that while the job market is not saturated, there is a consistent need for these positions, potentially offering good opportunities for skilled executives looking to enter or advance within the local market without facing extreme competition.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Richmond, VA Chief Executives Salary | $297,820↓ 6% | 96 mi |
Comparing salaries near Virginia Beach-Chesapeake-Norfolk, VA-NC
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Virginia Beach-Chesapeake-Norfolk, VA-NC?
The median annual salary for a Chief Executives in Virginia Beach-Chesapeake-Norfolk, VA-NC is $315,940. This typically ranges from $133,670 for entry-level positions to $473,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virginia Beach-Chesapeake-Norfolk, VA-NC is 11.6% higher than the national median of $283,090.
Is Virginia Beach-Chesapeake-Norfolk, VA-NC a lucrative place for Chief Executivess?
Yes, it is a lucrative place for Chief Executives.The average salary of $315,940 significantly exceeds the national average, and the Cost of Living Index is at the national average, indicating strong earning potential relative to expenses.
Is Virginia Beach-Chesapeake-Norfolk, VA-NC a good place to live for Chief Executives?
The Cost of Living Index in Virginia Beach-Chesapeake-Norfolk, VA-NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virginia Beach-Chesapeake-Norfolk, VA-NC?
Some top paying nearby cities include Richmond, VA ($297,820) and others.
How does the Virginia Beach-Chesapeake-Norfolk, VA-NC salary compare to the national average for Chief Executives?
The average annual salary for Chief Executives in Virginia Beach-Chesapeake-Norfolk, VA-NC is $315,940, which is notably higher than the national average of $283,090.
What is the Cost of Living in Virginia Beach-Chesapeake-Norfolk, VA-NC?
The Cost of Living Index for Virginia Beach-Chesapeake-Norfolk, VA-NC is 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
How many Chief Executives are there in the Virginia Beach-Chesapeake-Norfolk, VA-NC area?
There are approximately 580 Chief Executives employed within the Virginia Beach-Chesapeake-Norfolk, VA-NC metropolitan area.
Is the market for Chief Executives highly concentrated in this region?
No, the market for Chief Executives is less concentrated than the national average, with a Location Quotient of 0.55, suggesting a moderate level of competition and opportunity.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 580 employees in the Virginia Beach-Chesapeake-Norfolk, VA-NC area with a job density of 0.762 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in Virginia Beach-Chesapeake-Norfolk, VA-NC